Dhaka, Sept. 29 -- The Board of Directors of Apex Tannery Limited has taken decision to enter into a contract with three companies to sell its finished leather.

The three companies are FB Footwear Ltd, Footbed Footwear Ltd, and Nuovo Shoes (BD) Ltd as some directors of the company are also directors of FB Footwear Ltd, Footbed Footwear Ltd. and Nuovo Shoes (BD) Ltd, according to a disclosure posted on the Dhaka Stock Exchange (DSE) on Tuesday.

The contract is for sale of finished leather by the company in its usual course of business at prices of various grades and quality as mentioned in the contract, according to the disclosure.

It is estimated that the annual sale to FB Footwear Ltd., Footbed Footwear Ltd. and Nuovo Shoes (BD) Ltd. ...